Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bismarck don't worry mate there must be hundreds of us in a similar boat. I started buying at 36p one stupid day a long time ago. Then loaded up all the way down to half that price. Then bought even more. Then i stopped buying as i thought i was an idiot.
Buy I've never sold a single share and my average is like 18p.
It's looked cheap for ages but we haven't seen the cashflows yet, we still have to be patient. I hope we all make a decent return but your story is very common i'm sure !
The truth is as Bushy says. Neither 30m or 80m is right in isolation.
But if we all have a stab at the balance sheet in 2 years and the anticipated FCF at that point the number will write itself. Personally i think if the FCF is anything like we hope and DB suggests the market cap could be huge in which case 80m today is still very cheap.
Only time will tell whether the market agrees with this though !
Very annoyingly the market cap is fairly decent but the dilution leaves us with 13p! Anyway take what you can get and wait another 6 months or so at the moment.
I wont be in profit until 19p ish so the wait continues !
Completely agree with Bushy. That much capex, debt and build time sounds like a very very risky time for a company seeing how the last couple of years have gone.
I'd obviously rather they don't build the mine or take part in it at all and just see a sale of some sort to someone else.
DB talking openly about building a mine there is hopefully just bullish talk against anyone thinking they're forced sellers of sorts at the moment.
I disagree. I think the share price is very much about this board and IF they do what we think they will now without any more dilution we should see a very different value in 12 months.
In fact this is at least as important as gold price speculation.
Hopefully ( I can’t believe I’m about to wish this … ) the board really do deliver going forward operationally.
If they do this price looks crazy silly.
Not even going to bother voicing my frustration at more dilution. Nor the fact that we have had to pay someone $625k when we hired a COO to manage and turn around Yanfolila.
I'll only get told that it's ok we are going to be making 200m a year easily in the near future.
God reading these RNS' is depressing.
Definately huge upside here if things go roughly to plan. What will someone pay for Dugbe if gold stays like this and interest rates/the dollar fall back?
Don't forget the dilution though interesting to note we arn't even above 10p yet and the MC is £57m.
For those of us wanting 20p now we are going to be waiting till there is a £120m MC or close.
Do you know what i really want to know... Are the directors going to be taking part on this capital raise in a meaningful way?
I get what Dan is saying in interview after being realistic about the shortfalls caused by inflation and very bad performance at Yanfolila. So why don't they buy big chunks each of them and put their money where their mouth is?
Yep during the last big call i managed to get the question of what would happen if the historically overdue cases resolved in line with management expectations. They basically said this was the best guide to the current value and by implication the answer is quite a large number.
I suspect this is why the directors were happy to pay 100p a share.
I'm just happy they at least plan to try and tell us more about it and have offered to involve the public and current shareholders. Whatever you think of the business that's at least fair.
The last RNS felt horrible to me, zero regard for anyone but CIG and themselves.